FxWirePro: Aussie trades marginally lower after RBA’s monetary policy meeting minutes

• AUD/NZD is currently trading around 1.1076 marks.
   
• Pair made intraday high at 1.1093 and low at 1.1067 marks.
   
• Intraday bias remains slightly bearish till the time pair holds key resistance at 1.1086 mark.
   
• A sustained close above 1.1086 will drag the parity higher towards key resistances at 1.1116/1.1163/1.1238/1.1289/1.1384/1.1456 levels respectively.
   
• Alternatively, a daily close below 1.1086 will take the parity down towards key supports around 1.0989, 1.0930, 1.0873, 1.0798, 1.0737 and 1.0693 marks respectively.
   
• Australia's S&P/ASX 200 index up 0.27 pct at 5,961.70 points in early trade.
   
• RBA expected GDP growth of around 3 pct over next few years, subdued productivity.
   
• RBA - Any further rise in A$ would slow expected pick-up in inflation, economy.
   
• RBA minutes - Board judged steady policy consistent with inflation, growth goals.
   
• RBA - Competitive pressures on retail margins and costs expected to last for some while.

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